Category: Enterprise

A fledgling French AI startup has raised $41 million to develop a foundational AI model for biology. Just as OpenAI’s ChatGPT has taken the world by storm for a super-smart generative AI tool capable of natural language conversation in text form, Bioptimus is taking that concept but training its model specifically for downstream biological applications…

For many emerging market economies, remittances have become a lifeline. Inflows surpassed $669 billion in 2023, according to World Bank research, and they now represent significant portions of GDP in these countries, often outpacing foreign direct investment as the primary source of foreign exchange.  Traditional banks and agents maintain a firm grip on the remittance…

Barcelona’s mix of affordable cost of living and quality of life has helped create a vibrant startup community — and become a hotbed for the creation of surveillance technologies. © 2024 TechCrunch. All rights reserved. For personal use only. ​ Barcelona’s mix of affordable cost of living and quality of life has helped create a…

Chinese government officials have reportedly discussed a scenario where ByteDance sells TikTok’s United States arm to Elon Musk, should the Supreme Court uphold the law banning the app on January 19th. Bloomberg reports that China would strongly prefer for TikTok to stay under ByteDance’s ownership, but says government officials have considered a sale to Musk…

Microsoft has created a new engineering organization aimed at accelerating AI infrastructure and software development within the company. According to Bloomberg, Jay Parikh, previously VP and global head of engineering at Meta, will lead the new division. He’ll report to Microsoft CEO Satya Nadella and oversee groups, including the company’s AI platform and developer teams.…

Robinhood has agreed to fork out $45 million to settle an investigation by the Securities and Exchange Commission over several alleged violations, reported the Wall Street Journal on Monday. The settlement is being made via two of Robinhood’s brokerage units. One of the violations relates to Robinhood’s November 2021 confirmation that it was hacked “with…

TikTok has warned of a looming shutdown in just six days, as the Supreme Court is currently weighing the law that would ban the app. So we thought it’s time to take a look at other platforms that may be able to fill the TikTok-shaped hole in our lives.  The law gives TikTok parent company…

OpenAI on Monday published what it’s calling an “economic blueprint” for AI: a living document that lays out policies the company thinks it can build on with the U.S. government and its allies. The blueprint, which includes a forward from Chris Lehane, OpenAI’s VP of global affairs, asserts that the U.S. must act to attract…

In April 2022, the CIA decided to swipe right on Nand Mulchandani, appointing him as its first-ever Chief Technology Officer. It was a good look for the CIA. Mulchandani, who previously served as the CTO and acting director of the Defense Department’s Joint Artificial Intelligence Center, is something of a rare breed in Washington. Before…

Blaize, an AI chip manufacturer founded by former Intel engineers, is set to IPO on the NASDAQ on January 14. © 2024 TechCrunch. All rights reserved. For personal use only. ​ Blaize, an AI chip manufacturer founded by former Intel engineers, is set to IPO on the NASDAQ on January 14. © 2024 TechCrunch. All…